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Middlesex Water Co Stock Research

MSEX

68.26USD-0.90(-1.30%)Market Closed
Watchlist

Market Summary

USD68.26-0.90
Market Closed
-1.30%

MSEX Stock Price

MSEX RSI Chart

MSEX Valuation

Market Cap

1.2M

Price/Earnings (Trailing)

0.03

Price/Sales (Trailing)

0.01

EV/EBITDA

4.7

Price/Free Cashflow

-0.03

MSEX Price/Sales (Trailing)

MSEX Profitability

EBT Margin

24.24%

Return on Equity

8.97%

Return on Assets

3.29%

Free Cashflow Yield

-3.2K%

MSEX Fundamentals

MSEX Revenue

Revenue (TTM)

167.5M

Revenue Y/Y

7.86%

Revenue Q/Q

12.17%

MSEX Earnings

Earnings (TTM)

37.2M

Earnings Y/Y

11.65%

Earnings Q/Q

68.73%

Price Action

52 Week Range

66.5195.82
(Low)(High)

Last 7 days

-6.2%

Last 30 days

-11.7%

Last 90 days

-15.6%

Trailing 12 Months

-19.6%

MSEX Financial Health

Current Ratio

0.41

Debt/Equity

0.86

Debt/Cashflow

0.18

MSEX Investor Care

Dividend Yield

1.47%

Dividend/Share (TTM)

1.16

Buy Backs (1Y)

99.90%

Diluted EPS (TTM)

2.08

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs
Net sales

Latest Insider Trading transactions for MSEX

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2023-06-13
Capko Robert John
sold
-24,220
81.55
-297
pao/controller
2023-06-01
REINHARD WALTER G
sold
-45,964
79.8
-576
-
2023-03-31
Hanemann Kim C
acquired
44,997
78.12
576
-
2023-03-31
NOBLE ANN L.
acquired
44,997
78.12
576
-
2023-03-31
McKoy Vaughn L
acquired
44,997
78.12
576
-
2023-03-31
Cosgrove James F. Jr.
acquired
44,997
78.12
576
-
2023-03-31
REINHARD WALTER G
acquired
44,997
78.12
576
-
2023-03-31
Mansue Amy B.
acquired
44,997
78.12
576
-
2023-03-31
Klein Steven M
acquired
44,997
78.12
576
-
2023-03-31
Bershad Joshua
acquired
44,997
78.12
576
-

1–10 of 50

Which funds bought or sold MSEX recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2023-09-12
Farther Finance Advisors, LLC
unchanged
-
99.00
3,146
-%
2023-09-07
ST GERMAIN D J CO INC
new
-
107,439
107,439
0.01%
2023-08-24
Alberta Investment Management Corp
new
-
214,394
214,394
-%
2023-08-21
OSAIC HOLDINGS, INC.
added
14.03
127,697
847,953
-%
2023-08-21
CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM
reduced
-2.61
9,550
1,724,750
-%
2023-08-21
TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY
added
5.73
39,000
460,000
-%
2023-08-16
Nuveen Asset Management, LLC
added
64.58
2,724,900
6,620,900
-%
2023-08-15
ALLIANCEBERNSTEIN L.P.
reduced
-1.51
33,869
2,035,620
-%
2023-08-15
GOLDMAN SACHS GROUP INC
reduced
-82.2
-14,287,000
3,217,610
-%
2023-08-15
Belpointe Asset Management LLC
sold off
-100
-52,218
-
-%

1–10 of 48

Latest Funds Activity

Are funds buying MSEX calls or puts?
Calls
Puts
No. of funds holding Calls - Puts
Net Call Options
No. of funds that own MSEX
No. of Funds

Schedule 13G FIlings of Middlesex Water

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
Feb 14, 2023
price t rowe associates inc /md/
0.1%
10,529
SC 13G/A
Feb 09, 2023
vanguard group inc
8.07%
1,424,068
SC 13G/A
Jan 26, 2023
blackrock inc.
14.6%
2,569,008
SC 13G/A
Jan 20, 2023
blackrock inc.
14.6%
2,569,008
SC 13G/A
May 10, 2022
state street corp
10.24%
1,798,210
SC 13G
Feb 14, 2022
price t rowe associates inc /md/
8.6%
1,509,295
SC 13G/A
Feb 10, 2022
vanguard group inc
7.38%
1,290,969
SC 13G/A
Jan 27, 2022
blackrock inc.
15.7%
2,746,370
SC 13G/A
Jan 25, 2022
blackrock inc.
15.7%
2,746,370
SC 13G/A
Aug 09, 2021
blackrock inc.
16.8%
2,940,288
SC 13G/A

Recent SEC filings of Middlesex Water

View All Filings
Date Filed Form Type Document
Sep 01, 2023
8-K
Current Report
Jul 28, 2023
8-K
Current Report
Jul 28, 2023
10-Q
Quarterly Report
Jul 25, 2023
424B5
Prospectus Filed
Jul 20, 2023
8-K
Current Report
Jun 15, 2023
4
Insider Trading

Peers (Alternatives to Middlesex Water)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
135.4B
26.9B
0.40% -21.00%
16.72
5.03
54.09% 213.91%
76.3B
27.7B
5.31% -6.82%
26.22
2.76
6.94% 1.01%
72.0B
29.0B
5.29% -8.82%
53.79
2.48
9.50% -63.85%
26.0B
4.0B
-0.21% -5.22%
29.13
6.43
5.91% -31.18%
11.2B
5.9B
4.75% -3.51%
15.92
1.91
7.85% -2.88%
9.6B
2.3B
0.65% -18.83%
20.64
4.18
12.59% 3.92%
MID-CAP
8.9B
4.5B
2.34% 9.83%
21.02
1.96
15.02% -25.26%
8.7B
30.4B
5.48% -8.42%
-4.25
0.29
5.56% -159.74%
3.0B
579.2M
-3.86% -3.79%
25.53
5.17
19.53% 41.87%
2.8B
792.4M
-4.49% -15.83%
44.61
3.53
-2.08% -27.40%
2.0B
641.5M
-4.91% -0.74%
22.44
3.09
10.61% 68.66%
SMALL-CAP
239.8M
49.1M
-6.91% -17.18%
35.71
4.88
13.05% 38.74%
229.2M
22.1M
-16.72% 6.62%
24.87
10.38
84.27% 56.82%
217.1M
2.1M
-7.12% 22.83%
-6.97
100.98
251.88% -23.96%
1.2M
167.5M
-11.66% -19.59%
0.03
0.01
11.84% -6.17%

Middlesex Water News

Simply Wall St
Middlesex Water Repeat Insider Selling Not A Positive Indicator.
Simply Wall St,
15 hours ago
IG International
The Best Water Stocks to Watch.
IG International,
31 days ago
The Motley Fool
7 Best Water Stocks for 2023.
The Motley Fool,
51 days ago

Returns for MSEX

Cumulative Returns on MSEX

15%


10-Year Cumulative Returns

11.8%


7-Year Cumulative Returns

8.5%


5-Year Cumulative Returns

4.6%


3-Year Cumulative Returns

Risks for MSEX

What is the probability of a big loss on MSEX?

31.5%


Probability that Middlesex Water stock will be more than 20% underwater in next one year

15.8%


Probability that Middlesex Water stock will be more than 30% underwater in next one year.

0%


Probability that Middlesex Water stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does MSEX drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Middlesex Water was unfortunately bought at previous high price.

Drawdowns

Financials for Middlesex Water

Income Statement (Last 12 Months)
(In Thousands)
Income Statement (Last 12 Months)
(In Thousands)
(*) denotes actual numbers (not divided by Thousands)
Description(%) Q/Q2023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q42018Q32018Q2
Revenue1.9%167,512164,394162,434157,636149,778146,796143,141143,742143,788142,364141,592139,704137,553135,669134,598135,128136,072137,598138,077136,265133,726
Operating Expenses2.1%124,631122,094120,333117,343114,636111,928109,930108,539106,832105,837104,172103,058102,101100,65299,078100,014100,02399,778100,93598,01295,790
EBITDA-100.0%-75,98482,51180,39273,98072,83765,96862,46263,74163,46262,63761,25458,64256,71055,244------
EBITDA Margin-100.0%-0.46*0.51*0.51*0.49*0.50*0.46*0.43*0.44*0.45*0.44*0.44*0.43*0.42*0.41*------
Interest Expenses8.7%10,99410,1129,3678,7788,5248,2258,1147,8817,6867,5627,4937,8017,8917,7337,2646,8136,5406,8206,7586,4706,240
Earnings Before Taxes-0.3%39,74439,84745,66943,75937,91137,55031,05532,35134,60833,87434,30633,48431,67030,82730,74831,09932,27333,98633,37634,32533,827
EBT Margin-100.0%-0.24*0.28*0.28*0.25*0.26*0.22*0.23*0.24*0.24*0.24*0.24*0.23*0.23*0.23*------
Net Income2.9%37,23136,19842,42942,49639,68141,73636,54337,61338,87437,66438,42538,18936,57135,00433,88832,81033,98134,51032,45230,80426,156
Net Income Margin-100.0%-0.22*0.26*0.27*0.26*0.28*0.26*0.26*0.27*0.26*0.27*0.27*0.27*0.26*0.25*------
Free Cashflow100.0%--35,863-29,974-25,441-26,807-36,896-48,632-46,957-48,670-43,567-41,023-44,383-49,370-54,197-45,573------
Balance Sheet
(In Millions)
Balance Sheet
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q42018Q32018Q2
Assets2.6%1,1281,0991,0741,0651,0381,0741,0201,0301,015986976960951935910887808783768753730
  Current Assets2.7%41.0040.0037.0041.0039.0033.0034.0041.0037.0031.0034.0038.0044.0040.0029.0035.0032.0030.0031.0035.0031.00
    Cash Equivalents-10.0%4.005.004.003.004.003.004.005.006.004.0010.0028.0042.0053.0046.0057.004.007.006.004.003.00
  Current Liabilities-8.8%88.0096.0011893.0079.0060.0057.0092.0081.0066.0057.0085.0084.0081.0065.0010310393.0094.0094.0082.00
  Long Term Debt6.0%367346306307311311306270277277277238242238234232174168163151151
    LT Debt, Current0.1%17.0017.0017.008.008.007.0017.007.007.007.007.007.007.007.007.007.007.007.007.007.007.00
    LT Debt, Non Current6.3%350330290301305307290266273273273234238235231228164158153141142
Shareholder's Equity2.0%411403400-386378368--------------
  Retained Earnings2.6%17216816716615715316714413713112912511711210910598.0094.0091.0088.0080.00
Shares Outstanding-0.00--18.0018.0018.00-17.0017.0017.0017.0017.0017.0017.0017.0017.0017.0016.0016.0016.0016.00
Cashflow (Last 12 Months)
(In Millions)
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q42018Q32018Q2
Cashflow From Operations0.7%64.0063.0061.0059.0045.0038.0033.0035.0047.0047.0053.0050.0045.0045.0036.0036.0038.0045.0046.0047.0042.00
  Share Based Compensation21.1%2.002.002.002.001.001.001.001.001.001.001.001.001.001.001.001.001.001.001.001.001.00
Cashflow From Investing-3.4%-102-99.22-88.21-80.95-69.10-70.85-79.38-96.08-106-102-105-98.69-98.84-101-89.12-83.80-79.42-74.41-72.09-64.65-57.51
Cashflow From Financing3.9%39.0037.0027.0020.0022.0032.0039.0038.0024.007.0016.0020.0092.0010494.0099.0039.0034.0025.0020.0017.00
  Dividend Payments2.1%22.0021.0021.0020.0020.0020.0019.0019.0019.0018.0018.0018.0017.0017.0016.0016.0016.0015.0015.0015.0014.00

MSEX Income Statement

2023-06-30
CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
$ in Thousands
3 Months Ended6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Income Statement [Abstract]    
Operating Revenues$ 42,801$ 39,683$ 80,957$ 75,879
Operating Expenses:    
Operations and Maintenance21,20419,55741,46238,695
Depreciation6,1845,67012,17011,292
Other Taxes4,7444,3689,1688,512
Total Operating Expenses32,13229,59562,80058,499
Gain on Sale of Subsidiary5,232
Operating Income10,66910,08818,15722,612
Other Income:    
Allowance for Funds Used During Construction8525481,665926
Other Income1,2901,3962,1882,773
Total Other Income2,1421,9443,8533,699
Interest Charges3,2512,3695,8464,219
Income before Income Taxes9,5609,66316,16422,092
Income Taxes Expense (Benefit)(341)7953971,124
Net Income9,9018,86815,76720,968
Preferred Stock Dividend Requirements30306060
Earnings Applicable to Common Stock$ 9,871$ 8,838$ 15,707$ 20,908
Earnings per share of Common Stock:    
Basic (in Dollars per share)$ 0.56$ 0.5$ 0.89$ 1.19
Diluted (in Dollars per share)$ 0.55$ 0.5$ 0.88$ 1.18
Common Shares Outstanding :    
Basic (in Shares)17,71317,58317,68317,560
Diluted (in Shares)17,82817,69817,79817,675

MSEX Balance Sheet

2023-06-30
CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
Statement of Financial Position [Abstract]  
Water Production$ 287,871$ 249,153
Transmission and Distribution768,138735,138
General99,58797,581
Construction Work in Progress36,79253,570
TOTAL1,192,3881,135,442
Less Accumulated Depreciation225,281214,891
UTILITY PLANT - NET967,107920,551
Cash and Cash Equivalents4,3773,828
Accounts Receivable, net of allowance for uncollectible accounts of $1,889 and $2,326, respectively15,23016,018
Unbilled Revenues11,0678,659
Materials and Supplies (at average cost)6,4266,177
Prepayments3,4702,624
TOTAL CURRENT ASSETS40,57037,306
Operating Lease Right of Use Asset3,4993,826
Preliminary Survey and Investigation Charges2,2702,806
Regulatory Assets92,77290,046
Non-utility Assets - Net11,44911,207
Employee Benefit Plans9,8988,689
Other2119
TOTAL OTHER ASSETS119,909116,593
TOTAL ASSETS1,127,5861,074,450
CAPITALIZATION AND LIABILITIES  
Common Stock, No Par Value239,545233,054
Retained Earnings171,932167,274
TOTAL COMMON EQUITY411,477400,328
Preferred Stock2,0842,084
Long-term Debt350,446290,280
TOTAL CAPITALIZATION764,007692,692
CURRENT Current Portion of Long-term Debt17,46017,462
Notes Payable23,50055,500
Accounts Payable28,26524,847
Accrued Taxes10,33912,162
Accrued Interest3,0982,535
Unearned Revenues and Advanced Service Fees1,4761,365
Other3,4253,988
TOTAL CURRENT LIABILITIES87,563117,859
COMMITMENTS AND CONTINGENT LIABILITIES
Customer Advances for Construction21,03221,382
Lease Obligations3,3823,706
Accumulated Deferred Income Taxes85,19677,783
Regulatory Liabilities47,40046,734
Other758919
TOTAL OTHER LIABILITIES157,768150,524
CONTRIBUTIONS IN AID OF CONSTRUCTION118,248113,375
TOTAL CAPITALIZATION AND LIABILITIES$ 1,127,586$ 1,074,450
Dennis W. Doll
350
Middlesex Water Company owns and operates regulated water utility and wastewater systems. It operates in two segments, Regulated and Non-Regulated. The Regulated segment collects, treats, and distributes water on a retail and wholesale basis to residential, commercial, industrial, and fire protection customers, as well as provides regulated wastewater systems in New Jersey and Delaware. The Non-Regulated segment provides non-regulated contract services for the operation and maintenance of municipal and private water and wastewater systems in New Jersey and Delaware. The company was incorporated in 1896 and is headquartered in Iselin, New Jersey.